SEBI–>Exchanges–>Brokers–>People, Sebi regulates exchanges and Exchanges uses brokers as a middlemen to buy or sell. Long is when you think price goes ups, short if you think it will go down. Long unwinding happens when profit is booked in long position and short covering happens when short profit is booked in short position It is important to have manage risk and reward. by having target and stoploss.
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Hi sir,
This will be the appropriate answer for the question What happens if I quote high price to buy a stock compared to its current market price?:
The trade will happen for the best seller price because the buyer is ready upto the quoted price.